Your current location is:{Current column} >>Text
Trump denies a U.S. recession and backs Musk's plan to tackle the stock market decline.
{Current column}74756People have watched
IntroductionAs concerns about a recession in the U.S. economy intensify, Wall Street has seen three consecutive ...

As concerns about a recession in the U.S. economy intensify, Wall Street has seen three consecutive weeks of decline. On Tuesday, President Trump reiterated that despite the stock market selloff, he still does not believe the U.S. will fall into a recession and maintains that the country will prosper. He stated at the White House, "I don't see it at all. I think this country will thrive." Trump also added that the market "will go up and down," but he emphasized, "We have to rebuild our country."
Trump's remarks come amid three consecutive weeks of declines in the U.S. stock market, adding to the market's unease over uncertainty in the government's tariff policies. He announced an increase in tariffs on Canadian steel and aluminum products from 25% to 50%, in response to Canada's countermeasures. However, Ontario's Premier Ford stated they would pause the surcharge on electricity exports to the U.S. After negotiations, Trump indicated that the originally planned 50% tariff would not take effect, and the 25% tariff would remain.
Although Trump mentioned last week that a recession was a possibility, he still appears unworried about market fluctuations. He said, "I think some people are going to make a great deal by buying stocks, bonds, and other things they are purchasing." He also emphasized that market fluctuations do not obscure the strong fundamentals of the U.S. economy.
Trump made a joint statement with Tesla CEO Elon Musk and hosted an "exclusive car show" for Tesla. He remarked that Musk's "government efficiency department" will promote growth in the private sector through reforms such as streamlining government. Despite some political skepticism towards Musk's policies, Trump continues to support his reforms, underscoring that the federal government needs to "slim down" and reduce unnecessary staff. Trump stated, "You can't pay wages without income."

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Nashville board reinstates Black lawmaker expelled from Tennessee House By Reuters
{Current column}By Omar YounisNASHVILLE, Tennessee (Reuters) -A Nashville-area county council on Monday voted to rei ...
Read moreGlobal Swarm Trading Is Safe? Company Abbreviation Global Swarm
{Current column}FTI's top 100 foreign exchange brokers can be selected by reference. If they are not within 100, ...
Read moreNatural gas inches up after weekly drop to more than 2
{Current column}By Barani Krishnan-- Natural gas prices inched higher Monday as buyers emerged at the lower level fo ...
Read more
Popular Articles
- Israel probes lethal police shooting at flashpoint Jerusalem holy site By Reuters
- Turkish bourse shuts for five days, cancels trades after earthquake By Reuters
- PepsiCo's price increases drive quarterly results beat By Reuters
- Kremlin says those behind Nord Stream blasts must be punished By Reuters
- Oath Keepers founder gets 18 years in prison, longest Jan. 6 sentence yet By Reuters
- Biden expected to call for 400% increase in buyback tax By